Checkout the four (4) unique features of shimmer that make it incomparable.
Learn what shimmer is bringing to the industry and more.
Below is how it all started ↓
$SMR #Shimmer #Iota @shimmernet
Learn what shimmer is bringing to the industry and more.
Below is how it all started ↓
$SMR #Shimmer #Iota @shimmernet
The thread's 🧵 scope is as follows :
1/ What is shimmer
2) Technology ( DAG )
3/ unique feature
4/ Incentives
5/ Conclusion
Let's get started right away. ↓
1/ What is shimmer
2) Technology ( DAG )
3/ unique feature
4/ Incentives
5/ Conclusion
Let's get started right away. ↓
1/ WHAT IS SHIMMER ?
Shimmer is a scalable and feeless network enabling frictionless decentralized and scalable Web3 economies.
For the first time since the start of IOTA in 2015, a new token is introduced to the world called #Shimmer (#SMR).
Shimmer is a scalable and feeless network enabling frictionless decentralized and scalable Web3 economies.
For the first time since the start of IOTA in 2015, a new token is introduced to the world called #Shimmer (#SMR).
Shimmer isn't just any other project.
It serves as #IOTA's staging, network to battle-test all future innovations.
Amazingly it is also offers, feeless value transfers between smart contract chains, and aims to make Shimmer a truly scalable multi-chain network.
It serves as #IOTA's staging, network to battle-test all future innovations.
Amazingly it is also offers, feeless value transfers between smart contract chains, and aims to make Shimmer a truly scalable multi-chain network.
Launched last year in 2021, the #Shimmer Network is basically a Layer-1 innovation network that will push the growth of interoperable digital assets.
2/ TECHNOLOGY ( DAG )
like IOTA, #Shimmer is also a DAG-based parallelized settlement layer with a higher L2 anchoring capacity.
A Directed Acyclic Graph or DAG, is another form of Distributed Ledger Technology ( DLT ).
like IOTA, #Shimmer is also a DAG-based parallelized settlement layer with a higher L2 anchoring capacity.
A Directed Acyclic Graph or DAG, is another form of Distributed Ledger Technology ( DLT ).
DAG is a network of individual transactions linked to multiple other transactions.
There are no blocks of transactions in DAG networks.
If blockchain is a linked list, a DAG is a tree, branching out from one transaction to another, to another and so on.
There are no blocks of transactions in DAG networks.
If blockchain is a linked list, a DAG is a tree, branching out from one transaction to another, to another and so on.
#Shimmer is a feeless, parallelized DAG ledger and was created to be a scalable multi-chain network to build, connect, and secure sovereign blockchains, applications, and ecosystems.
DAGS unlike blockchains become faster with more users.
DAGS unlike blockchains become faster with more users.
3/ UNIQUE FEATURES
The following are distinct features that sperate shimmer from other projects.
Arguably these give shimmer a competitive advantage over it's competitors.
• DISTINCT NATIVE TOKENIZATION
#Shimmer’s tokenization features are unique in the crypto space.
The following are distinct features that sperate shimmer from other projects.
Arguably these give shimmer a competitive advantage over it's competitors.
• DISTINCT NATIVE TOKENIZATION
#Shimmer’s tokenization features are unique in the crypto space.
#IOTA protocol’s tokenization framework will guarantee full interoperability and compatibility.
Anyone can mint and manage native tokens and NFTs as first-class citizens on the base layer with zero fees.
Anyone can mint and manage native tokens and NFTs as first-class citizens on the base layer with zero fees.
NFTs on #Shimmer can act as wallets, able to own other NFTs or native assets.
These unique features even extend to L2 smart contract chains being able to own and control L1 assets, which enables fully automated and feeless minting, melting, burning and cross-chain transfers.
These unique features even extend to L2 smart contract chains being able to own and control L1 assets, which enables fully automated and feeless minting, melting, burning and cross-chain transfers.
• CUSTOMIZABLITY
The extended UTXO model of #Shimmer enables more complex output types that allow novel transaction features and atomic operations.
The extended UTXO model of #Shimmer enables more complex output types that allow novel transaction features and atomic operations.
With #Shimmer’s customizable time-bound UTXO features, a new era of value transaction has dawned, enabling a set of new and frictionless marketplace operations without the need for costly customized smart contracts
Unleashing new levels of utility in crypto and making shimmer truly One of a Kind
• FEELESS IMMUTABILITY
When security doesn’t cost a dime!
Immutable data and value transactions are feeless on the #Shimmer network.
Even minting tokens or NFTs only requires a fully refundable deposit.
When security doesn’t cost a dime!
Immutable data and value transactions are feeless on the #Shimmer network.
Even minting tokens or NFTs only requires a fully refundable deposit.
This enables any form of data, hashes of external data, real objects, ownership or identities to be immortalised.
Real world assets can be securely represented through custom, transferable tokens.
Real world assets can be securely represented through custom, transferable tokens.
• INTEROPERABILTY CONNECTING EVERYTHING
#Shimmer is the infrastructure layer connecting everything as an all-encompassing universal bridge.
#Shimmer is the infrastructure layer connecting everything as an all-encompassing universal bridge.
All transfers on and via #Shimmer are feeless and all chains anchored to the network will be able to utilize it as the ultimate safe and feeless bridge for all cross-chain transactions.
L2 bridges are a thing of the past.
L2 bridges are a thing of the past.
Shimmer provides the basis for transfer and trade, without limits and without risk.
#Shimmer network sometimes referred to as the ultimate safe, feeless bridge for all transactions.
#Shimmer network sometimes referred to as the ultimate safe, feeless bridge for all transactions.
4/ INCENTIVES
I) With #Shimmer Network, the SMR token will provide financial incentives for using the network.
$SMR token holders will be able to stake their assets and be able to earn staking rewards.
I) With #Shimmer Network, the SMR token will provide financial incentives for using the network.
$SMR token holders will be able to stake their assets and be able to earn staking rewards.
The #IOTA blockchain’s official wallet, Firefly will allow users to claim their Shimmer staking rewards directly from the Firefly Shimmer application.
ii) Developers have an early mover advantage to build a new ecosystem of cutting-edge innovations and token economies on a feeless, bridgeless base layer.
5/ CONCLUSION
The Layer 1 innovative network, was created to encourage the development of cost-free, highly interoperable digital assets and token economies.
#Shimmer standouts in it's mission and we look forward to seeing their goals achieved.
The Layer 1 innovative network, was created to encourage the development of cost-free, highly interoperable digital assets and token economies.
#Shimmer standouts in it's mission and we look forward to seeing their goals achieved.
What's your opinion about #shimmer?
What did I miss?
Follow @shimmernet for more updates and
Please follow @2xnmore, for more educational threads 🧵.
That's all for now fam.
#Iota #Shimmer @iota $SMR
What did I miss?
Follow @shimmernet for more updates and
Please follow @2xnmore, for more educational threads 🧵.
That's all for now fam.
#Iota #Shimmer @iota $SMR
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